Pascal propels Nvidia third-quarter revenue to new heights

by Jeff Kampman — 5:07 PM on November 10, 2016 Nvidia enjoyed another banner quarter as it posted $2 billion in revenue, up 54% year-on-year, and operating income of $639 million, up 161% year-on-year, for the third quarter of its fiscal 2017. The company said its revenue, gross margin, and earnings all set records, thanks to a fully-ramped Pascal GPU lineup for gaming, deep learning, and computer vision. Q3 FY 17 Q3 FY 16 Change Revenue $2 billion $1.3 billion up 54% Operating expenses $544 million $509 million up 11% Operating income $639 million $245 million up 161% Net income $542 million $246 million up 120% Gross margin 59% 56.3% up 2.7% Diluted EPS $0.83 $0.44 up 89% Nvidia CEO Jen-Hsun Huang was especially proud of the company’s success…